Bankruptcies stay at elevated levels

May 15th, 2009 at 02:29pm Alex Gary

The number of people and business owners filing bankruptcy declined ever so slightly in April, but still the filings were the second highest since a new federal law in October 2005 made wiping out debt more difficult.

In April, there were 280 filings in Boone, Ogle, Stephenson and Winnebago counties. That was down four from March, but it was nearly 24 percent higher than the 226 filings in April 2008.

Through April, the number of bankruptcy filings are running more than 18 percent ahead of 2008.

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